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BitOptionFX Review: BitOptionFX.com a Blacklisted Trading Broker

BitOptionFX Review: BitOptionFX.com a Blacklisted Trading Broker

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BitOptionFX claims that it is a leading trading broker in the market. The firm allegedly has a history in trading and an excellent reputation. According to the information which they present, the platform has been in existence for more than 20 years.

However, a quick search in Whois.com will show you the information is false. The entity was established in June 2020. When an investment venture lies about such minor details, it is hard to believe them. We do not know what else they could be hiding.

Invest with legit forex trading brokers that offer the best trading opportunity for their clients. You will earn genuine returns without being compromised. You need to be careful when investing online because some platforms are not transparent.

BitOptionFX is registered privately. Hence, it is hard to pin down the person behind this venture. The company brags of putting up a high-security measure to protect their clients. Additionally, the entity also states it is transparent.

The trading activities are also fast and profitable with this broker. Unfortunately, we are yet to come across anyone who has earned using this venture. They have enticing deals which are tempting to grab. Nonetheless, this firm is an infamous scam.

BitOptionFX.com Review

BitOptionFX is trading forex, shares, indices, futures, metals and energies. The company is offering to guide investors in their trading activities. The platform states that it uses the MT4 trading interface. They have four investment plans for their clients.

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Additionally, the company has an individual account which is meant for exclusive traders. It can be customized according to traders need to ensure they earn high returns. The platform has a promotion for its clients.

BitOptionFX Review, BitOptionFX Company

BitOptionFX has multiple assets at the disposal of its customers. The company offers a leverage of 1:800. It is beyond what the regulatory body of the UK authorizes. Therefore, we can conclude that this venture is operating on its own accord.

There are better methods which you can use to get realistic returns. High leverage sounds like a great deal. However, you should also note that the risk could as well be hefty. Therefore, you should only deal with regulated companies that are transparent.

We do not recommend offshore trading brokers to investors. Majority of them exit the market before time after making ridiculous promises. BitOptionFX is one of these firms which are not reputable and after clients’ money.

BitOptionFX Trading Conditions

The broker offers an MT4 trading platform which investors can download and start trading. BitOptionFX provides zero spread for experienced traders and 1.1 pips for novice investors. Unfortunately, we cannot verify these claims.

The leverage which the broker offers associate huge risks to traders. 1:800 cap can lead to loss of funds. Stick to regulated brokers because they are much better. You will get maximum protection against fraudsters.

There is no evidence of a client who has earned using this company. Therefore, testing the water with this scam will cost you money. You can invest wisely by performing research of an investment platform.

The team which is running the operation of BitOptionFX operates in shadows. The broker is not transparent because it brags of having the right experience. However, they fail to credit the people who are managing the funds of investors.

We highly doubt there is a team involved. The entity is a mastermind of an individual fraudster who wants to reap where they did not sow. Avoid this scam at all costs.

Withdrawal and Deposits

The minimum amount which you can deposit at BitOptionFX is $250. You cannot make a profit using this scam. Their main target is to steal funds from investors. There is nothing extraordinary about this broker.

The personal account managers which they brag about do not exist. They have trained con artists who will easily make investors deposit funds. The payment methods which this broker accepts are not disclosed.

However, BitOptionFX being a scam it will never process your withdrawal requires. It is highly; likely, the method they are using cannot allow traders to issue a chargeback. Investors need to be careful with such entities.

You will never gain anything with such entities. You need to be careful with investment companies in the market. The terms and conditions show that whoever is responsible for this broker was in haste. They leave out essential information causing more suspicion.

BitOptionFX Contact Details and Customer Support

BitOptionFX is located at 8-11 Crescent, London EC3N 2LY, UK. They also feature an email address and a telephone number on their platform. The entity has various social media platform pages.

The physical address which this platform feature is not its real base. This is an offshore broker that wants to steal from innocent investors. The platform states that it is regulated in Europe, which is another fat lie.

It is common for scammers to present misleading information to investors. The support will only be friendly and professional when luring you to invest with them. However, it all turns to disappointment when you cannot reach them.

Regulatory Status

BitOptionFX is not regulated by the FCA despite their claim to be based in the United Kingdom. One of the countries that have hefty measures for trading companies in the UK. They try to protect their clients from being scammed at all costs.

Therefore, an investment venture must segregate investors’ accounts. Additionally, the platforms need to set aside a handsome amount of funds to act as compensation in case they face bankruptcy.

What is even worst about BitOptionFX is that the entity has received a warning from many regulatory bodies in Europe. These include; the Belgian watchdog FSMA, Italian regulatory body CONSOB, and Spain watchdog CNMV.

Trade with this broker will lead to nothing but the bad outcome to traders. It is unwise to proceed with the entity when the above regulatory bodies have blacklisted it. You won’t get fund safety in this shady venture.

Clients Feedback

BitOptionFX is a venture that claims to have been in the industry for over 30 years. However, we find this hard to believe since this information is false. Moreover, they also do not have client feedback which is strange.

Investing with a broker that is not reputable expose you to more risks.  Often investors leave testimonials and feedback to show their experience with a company. Sometimes, Ponzi schemes pay people to leave positive remarks behind.

Ensure that you read client feedback from third party website. BitOptionFX has a low trust score. Additionally, their negative element shows that this is not a reliable venture. You should look for a better alternative in the industry.

Final Verdict

BitOptionFX is a company that is operating without observing the set rules. Moreover, the broker has already been blacklisted by several financial bodies in the market. It is a scam that will break several rules to get what they want.

The lucrative offers which this entity offers will never come to pass. You need to be very keen when dealing with an offshore broker. You will never be able to trace them down after they leave the industry.

It is better to stick to regulated forex trading companies that are operating as per the law. Your safety is a priority with this venture. Ensure you perform thorough research before venturing with any broker in the market.

 

 

 

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